NIFTY FUTURE FIBONACCI RETRACEMENTS LEVEL.

 

 AS PER THIS NIFTY FUTURE CHART WE SEE MARKET TRY TO FIND SUPPORT NEAR ITS 61.8% ENTRANCEMENT LEVEL OF HIGH 6348 TO LOW 4538 (IS NEAR 5657). AND TODAY'S LOW WAS  5673.9. ALMOST TOUCH THAT LEVEL. SO IF NIFTY NOT BREAK THIS LEVEL ON CLOSING BASIS ONE CAN TAKE POSITION ON BUY SIDE WITH SAME STOP OF CLOSE BELOW 5657.

AS PER RSI INDICATOR OF NIFTY WE SEE IS IN OVER SOLD ZONE SO WE SEE BOUNCE BACK FROM THIS LEVEL ALSO.

HAVE A HAPPY PROFITABLE TRADING DAY WITH NICE TIME.

GOLD VIEW IN USD $ TERMS.

AS PER THIS CHART OF GOLD WE SEE ITS BREAK MAJOR UP TREND IN MID 2012 AND FORM  START OF 2013 WE SEE ITS TRADE BELOW "ICHIMOKU" (ENTER IN RED ZONE). AS PER THIS INDICATOR WE THINK THAT NOW ITS UP TREND IS OVER AND STAR DOWN JOURNEY AND MAY BE TRY TO TOUCH  1522, 1477 AND 1430$ VERY SOON.

UNIONBANK MAY COME DOWN.

AS PER THIS CHART WE SEE ITS BREAK IMPORTANT VERTICAL SUPPORT LEVEL 253, NOW MAY TRY TO TOUCH NEXT SUPPORT LEVEL OF 242. IF ITS BREAK THAT THEN WE SEE MORE DOWN FALL UP TO 235. SO ONE CAN TRADE ACCORDINGLY.

NIFTY FUTURE CHARTS & MY VIEW

 

AS PER THIS CHART WE SEE IS IN RISING WEDGE AND SUPPORT TREND LINE IS NEAR 5925 (YELLOW LINE), SO NIFTY MAY RY TO TOUCH THAT LINE VERY SOON, AND AS PER VERTICAL SUPPORT WE SEE 5969,5870 IS SUPPORT LINE. SO NIFTY FUTURE MAY TOUCH THAT LEVEL ALSO, UP SIDE 6030-6050 IS GOOD RESISTANCE LEVEL.